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Stock Investors Sell Off Shares of Eagle Materials, Down 1.8%

Published on Mon, 02/25/2013 - 11:26
By Robert Cotter

One of today's stocks on the move is Eagle Materials (NYSE:EXP), down 1.8% to $62.38. The Dow is trading fractionally higher to 14,009 and the S&P is currently trading fractionally higher to 1,517.

Eagle Materials (NYSE:EXP) has potential upside of 8.4% based on a current price of $62.38 and analysts' consensus price target of $67.60. The stock should find resistance at its 50-day moving average (MA) of $62.46, as well as support at its 200-day MA of $47.24.

In the past 52 weeks, Eagle Materials share prices have been bracketed by a low of $29.64 and a high of $69.61 and are now at $62.38, 110% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.5%.

Eagle Materials Inc. manufactures and distributes cement, gypsum wallboard, recycled paperboard, and concrete and aggregates. The Company's products are used in the construction of homes, commercial and industrial buildings, and governmental buildings across the United States.

By Robert Cotter
rcotter@fnno.com